Security Agreement and Third Sample Contracts

SUPPLEMENT NO. 1 TO THIRD AMENDED AND RESTATED SECURITY AGREEMENT AND THIRD AMENDED AND RESTATED GUARANTY
Security Agreement and Third • December 22nd, 2011 • Laredo Petroleum Holdings, Inc. • Crude petroleum & natural gas • New York

This Supplement No. 1 to Third Amended and Restated Security Agreement and Third Amended and Restated Guaranty dated as of December 19, 2011 (this “Agreement”), is delivered in connection with (a) the Third Amended and Restated Security Agreement dated as of July 1, 2011 (as amended or otherwise modified from time to time, the “Security Agreement”), among Laredo Petroleum, Inc. (“Borrower”), Laredo Petroleum, LLC (“Parent”), certain subsidiaries of Borrower specified as “Guarantors” on the signature pages hereto (such subsidiaries together with Parent and Borrower, the “Debtors”), and Wells Fargo Bank, N.A., as administrative agent (in such capacity, “Administrative Agent”) for the benefit of the Secured Parties (as defined therein), and (b) the Third Amended and Restated Guaranty dated as of July 1, 2011 (as amended or otherwise modified from time to time, the “Guaranty”) by Parent and the subsidiaries of Borrower party thereto.

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